XEL Debt-to-Equity Ratio Analysis
Updated 57h ago·SEC filings & market data
Key Takeaway
The debt-to-equity ratio measures how much of a company’s financing comes from borrowed funds compared to shareholder equity, and XEL's 1.64x means it carries $1.64 of debt for every $1 of equity.
Sector Performance
79th percentileXEL
1.64x
Sector Median
0.74x
Sector Avg
2.51x
Prior Period
1.56x(Jul 2026)
Deep Analysis
The debt-to-equity ratio measures how much of a company’s financing comes from borrowed funds compared to shareholder equity, and XEL's 1.64x means it carries $1.64 of debt for every $1 of equity.
This is above the sector median of 0.73x, placing XEL in the 79th percentile among peers, so it uses more leverage than most. The year-over-year change is not available, but the quarter-over-quarter move was a 5.1% increase from 1.56x to 1.64x, indicating near-term debt growth. A high and rising debt load suggests added financial risk, as more earnings may go toward interest obligations, especially if rates or costs move up. However, the modest pace of the quarterly increase leaves room for the stock’s broader outlook to stay balanced. This metric therefore supports the overall NEUTRAL verdict, as elevated leverage raises caution but does not alone outweigh other factors.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about XEL?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
Who are XEL's closest peers by Debt-to-Equity Ratio?
The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).
Learn More About Debt-to-Equity Ratio
How to Spot a Debt Problem Before It Hits the Stock Price
Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.
Debt/Equity Ratio: How Much Debt Is Too Much?
The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
Master XEL's Valuation
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1.64x
Sector Median
0.74x
Sector Avg
2.51x
How XEL's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.